The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders Ebook ✓ 400 pages Download ✓ Connie bruck

Text The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders

The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders Ebook ✓ 400 pages Download ✓ Connie bruck ☆ During the 1980s Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond Anced the biggest corporate raiders men like Carl Icahn and Ronald PerelmanAnd then on September 7 1988 things changed The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud Waiting in the wings was the US District Attorney who wanted to file The author did an immense amount of work and packed it into a piece that reads fairly well for a historical account This is one of the important stories to understand in light of today's issues The rise of the Junk Bond raiders isn't just the rise of the Junk Bond era it is the rise of how this type of debt made it to market and took off It is a story that explains what despite all of the news in the press against sub prime the purpose of this debt is outside of lining the pockets of deal makers I give the book huge kudos for it's account and agree that it should be on the reading list for all those trying to understand the market dynamic

Connie Bruck ↠ The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders Kindle

Criminal and racketeering charges What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? The Predators' Ball dramatically captures American business history in the making uncovering the philosophy of greed that has dominated Wall Street in the 1980 The story of junk bond salesman Michael Milken from the late seventies and 80’s He basically created the what is now called high yield bond and a financial move called a ‘leveraged buy out’ where management of a company borrows money at a high rate to take over the company Milken’s activities changed the corporate landscape in the 80’s but all that power led to an organization that closely resembled the mafia than an investment firm Funny what can happen Rudy Giuliani’s investigation into Drexel and Michael Milken led to the firms downfall in 1988 In 2020 Donald Trump pardoned Milken after years of White House lobbying by Milken’s powerful friends including Ted Turner

Mobi Ó The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders ↠ Connie Bruck

The Predators' Ball The Inside Story of Drexel Burnham and the Rise of the Junk Bond RaidersDuring the 1980s Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King He invented such things as the highly confident letter I'm highly confident that I can raise the money you need to buy company X and the blind pool Here's a billion dollars let us help you buy a company and he fin A book I put on my to read goodreads list a few years ago It tells of the days of Mike Milikan and the company Drexel who were stretching the limits of bond underwriting and company takeovers hostile and not I found believable which it better be it's non fiction The publish year was 1988 so it's not news But I still think I learned a little If I had it to do over I would not have put it on my list but I'm anal sooooooo